- DOGE is currently down by about 9.47%.
- Technical indicators for the meme coin are also bearish.
- The price of DOGE could drop as low as $0.08 in the coming days.
CoinMarketCap indicates that the price of Dogecoin (DOGE) is currently down by about 9.47%, which means that the meme coin is trading hands at $0.08781. Over the last day, the crypto was also able to reach a low of $0.08729 and a high of $0.09701.
DOGE’s weekly performance is also not looking much better, as the crypto is down by more than 15%. However, the meme coin’s 24-hour trading volume saw a triple-digit increase over the last day. It now stands at $605,654,010 after a 179.17% rise.
Over the last 24 hours, DOGE also weakened against the two biggest cryptocurrencies in the market, Bitcoin (BTC) and Ethereum (ETH), by about 8.17% and 7.48%, respectively.
With a market cap of $11,647,705,142, DOGE is currently the 8th biggest cryptocurrency in market capitalization. This places the crypto right behind XRP in the 7th position and front of Cardano (ADA), ranked 9th.
The price of DOGE has slipped below the daily 9 and 20 EMA lines as there has been more sell volume for DOGE over the last 4 days than there has been buy volume during the same period.
Technical indicators for the meme coin are also bearish as the daily RSI line broke below the RSI SMA line, and the RSI line is sloped towards the oversold territory. There may also be a bearish cross with the daily 9 and 20 EMA lines on the cards. Should this happen, DOGE’s price will likely drop to as low as $0.08.
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